Accounting Insights

Gain clarity and confidence in your financial reporting with insights from CBIZ. From audit trends to regulatory updates, we provide the guidance you need to strengthen financial oversight and drive smarter decision-making.

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Article

On-Again, Off-Again BOI Reporting Requirements Are Back On
Article
August 18, 2021
Addressing “What Could Go Wrong” in Financial Statement Reporting
  • Accounting
August 18, 2021
Addressing “What Could Go Wrong” in Financial Statement Reporting

In preparing the financial information for an organization, it’s important to consider the various financial statement assertions related to each account balance or transaction class.

  • Accounting
Article
August 12, 2021
SBA Opens Paycheck Protection Program Direct Forgiveness Portal
  • Accounting
August 12, 2021
SBA Opens Paycheck Protection Program Direct Forgiveness Portal

The U.S. Small Business Administration direct forgiveness portal now accepts loan forgiveness applications from borrowers with Paycheck Protection Program loans of $150,000 or less.

  • Accounting
Article
August 10, 2021
Attention Cayman Private Funds Operators: Complete Your FAR Filing Now!
  • Alternative Investments
  • Accounting
August 10, 2021
Attention Cayman Private Funds Operators: Complete Your FAR Filing Now!

The Cayman Islands Monetary Authority (CIMA) announced that the new Fund Annual Return (FAR) forms are available for submission for funds registered under the Cayman Islands Private Funds Act.

  • Alternative Investments
  • Accounting
Article
July 07, 2021
Proposed Tax Reform and the Effect on Agriculture
  • Accounting, Tax
July 07, 2021
Proposed Tax Reform and the Effect on Agriculture

Several provisions of the American Families Plan may significantly impact the agricultural industry by altering or repealing current tax treatments that benefit agricultural businesses.

  • Accounting, Tax
Article
July 01, 2021
Understanding the Lumber Shortage: What is it? Why Did it Happen? Where Does it Stand Now?
  • Construction
  • Audit & Assurance
July 01, 2021
Understanding the Lumber Shortage: What is it? Why Did it Happen? Where Does it Stand Now?

As the world has started to reach a turning point in regard to the pandemic, lumber yards have started to increase production, capacity and supply.

  • Construction
  • Audit & Assurance
Article
June 23, 2021
Nonprofits and Consideration for Effective Grant Management
  • Not-for-Profit & Education
  • Audit & Assurance
June 23, 2021
Nonprofits and Consideration for Effective Grant Management

Many nonprofits are managing multiple grant funds and reporting requirements. Grant management is the process and methods, from pre-award to close-out.

  • Not-for-Profit & Education
  • Audit & Assurance
Article
June 16, 2021
Transitioning into Current Expected Credit Loss (CECL)
  • Financial Services
  • Audit & Assurance
June 16, 2021
Transitioning into Current Expected Credit Loss (CECL)

Under the new Current Expected Credit Loss standard, banks and financial institutions will have to predict their losses in the most unpredictable environment to date.

  • Financial Services
  • Audit & Assurance
Article
June 08, 2021
PPP Loan Forgiveness Process for Lenders
  • Financial Services
  • Audit & Assurance
June 08, 2021
PPP Loan Forgiveness Process for Lenders

As borrowers will be continuing to submit forgiveness applications through 2026, lenders will need to vigilant in following the appropriate steps for making forgiveness decisions, submitting applications to the SBA, and reporting as applicable.

  • Financial Services
  • Audit & Assurance
Article
May 05, 2021
How to Handle the Accounting for Collateral Assignment Split-dollar Life Insurance Plans
  • Financial Services
  • Audit & Assurance
May 05, 2021
How to Handle the Accounting for Collateral Assignment Split-dollar Life Insurance Plans

Split-dollar life insurance is an arrangement between two parties to share the costs and benefits of a permanent insurance policy.

  • Financial Services
  • Audit & Assurance
Article
March 09, 2021
Transfer Pricing in Food & Beverage Multinationals
  • Food & Beverage
  • Accounting, Tax
March 09, 2021
Transfer Pricing in Food & Beverage Multinationals

Transfer pricing issues can arise where profit is derived by a U.S. MNE due to the transfer of intangible or tangible property, services, or intercompany financing, to related foreign affiliates.

  • Food & Beverage
  • Accounting, Tax
Article
March 09, 2021
Health and Wellness in a COVID World
  • Food & Beverage
  • Accounting
March 09, 2021
Health and Wellness in a COVID World

Concentrating on the health and wellness efforts of your customers is another way to ensure that you are a trusted partner, which can help safeguard your survival and spur your success.

  • Food & Beverage
  • Accounting
Article
February 17, 2021
Preparing for a Pharma/Biotech IPO
  • Life Science
  • Audit & Assurance, Tax
February 17, 2021
Preparing for a Pharma/Biotech IPO

CBIZ’s Financial Accounting and Advisory Services team can help all members of your pharma/biotech finance team through an IPO.

  • Life Science
  • Audit & Assurance, Tax
Article
February 15, 2021
Arts and Culture: What Does the Collections Accounting Standard Model Mean for Your Organization?
  • Not-for-Profit & Education
  • Audit & Assurance
February 15, 2021
Arts and Culture: What Does the Collections Accounting Standard Model Mean for Your Organization?

Cultural institutions, in particular, have made sweeping changes in how they operate and engage with their audiences, to counter the precipitous drop in in–person attendance.

  • Not-for-Profit & Education
  • Audit & Assurance
Article
February 04, 2021
Optimizing Tax Credits for Life Science & Biotechnology Companies
  • Life Science
  • Accounting, Business Tax, Tax
February 04, 2021
Optimizing Tax Credits for Life Science & Biotechnology Companies

For what amounts to regular business activity, biotechnology and life science companies can qualify for substantial federal and state tax savings, helping fund the hiring of new employees, investments in new products and service lines, and growing existing operations.

  • Life Science
  • Accounting, Business Tax, Tax
Article
February 01, 2021
Will Recent Changes to Auditing Standards Have an Impact on your Private Fund Audit?
  • Alternative Investments
  • Accounting
February 01, 2021
Will Recent Changes to Auditing Standards Have an Impact on your Private Fund Audit?

The PCAOB has issued new standards and related amendments on auditing accounting estimates, including fair value measurements, as well as supervising or utilizing the work of specialists.

  • Alternative Investments
  • Accounting